Marsh & McLennan AgencyLLC (MMA), a subsidiary of insurance broker Marsh Inc., hasacquired Seitlin Insurance,one of the largest insurance brokerage firms in South Florida.Terms of the transaction were not disclosed.
|Founded in 1945, Seitlin has annual revenue of approximately $24million and 119 employees in three Florida offices: Miami, FortLauderdale, and West Palm Beach. Seitlin provides property andcasualty insurance and employee benefits to middle market companiesin a wide range of industries. All of Seitlin's employees andleadership team, including CEO Tom Cornish, will join MMA.
|Seitlin will serve as MMA's Florida hub and is the latest in anumber of acquisitions MMA has made since embarking on its strategyof building a national platform to serve the property and casualtyinsurance and employee benefit needs of the middle market.
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